Five out of six — that's how many women are not saving enough for retirement.
According to research from management consultant Aon Hewitt, women may be participating at an equal rate with men in 401(k) plans, but they're ahead of men in failing to save enough to retire.
While 74 percent of men aren't saving enough to meet their needs in retirement, 83 percent of women are behind the 8-ball when it comes to saving. Aon Hewitt projects that women will need 11.5 times their final pay to meet their needs in retirement, while men only need to replace 10.6 times their pay.
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